23.11.09

just follow the trades closely

we had taken one trade on 20 nov and one trade on 23 nov and we will do one more trade on 24 nov.on 20 nov we had bought 4900 nifty put option at 125 and sold 4800 nifty put option at 95.the total premium we paid was 30 .and today we sold 5100 december nifty call at 150 and bought 5300 december nifty call at 65 total premium we recieved 85..in short we have recieved 55 total for the above trades,we will make profit if nifty stays in the range of 4800 to 5100.more on the down side the more we can profit .our loss is in the range of nifty above 5150 and 5300.as we have bought and sold call and put time decay factor will not affect us heavily.

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